More U.S. oil export capacity in the works

A gas pipeline running from Texas shale could be converted to send oil to the Gulf Coast by the start of the next decade, Enterprise Products Partners said. The company announced plans Wednesday to convert a pipeline in its portfolio that carries natural gas from the Permian shale basin to a crude oil pipeline. With a new gas pipeline coming into service at the end of 2019, Shin Oak, the company said it has flexibility to repurpose another line for shale oil. “We have had strong demand for crude oil transportation, storage and marine terminal services for crude oil production from the Permian Basin,” CEO Jim Teague said in a statement . In its latest drilling productivity report, the […]